Word: planting
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Dates: during 2000-2009
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...quarter, so it escaped the technical definition of a recession, which requires two consecutive quarters of shrinkage. But as the economic crisis triggered by U.S. subprime mortgages works its way through the economy, tens of thousands of jobs are being eaten up by a vortex of shrinking demand and plant closures. (See pictures of the recession...
Such optimism can be found elsewhere. The Kaluga region to which Lyudinovo belongs continues to draw in foreign investors, including automakers. VW has to date invested about $350 million in an assembly plant, and is producing about 320 cars per day. Peugeot is not far behind. Dietmar Korzekwa, VW's group representative for Russia, says the automaker is continuing with its current growth plans. In part, it's betting that if the Kremlin raises import taxes on autos, as it has suggested it might, it will become more advantageous to manufacture in Russia...
...assembly line worker employed by Ford Motor Company for 32 years. "The car companies were no doubt responsible for that." Like other Lebanese who flocked to the area in the early 1900's, Darwish's father immigrated to the U.S. seeking a job at Henry Ford's Model T plant, as the pioneering automobile entrepreneur was offering a large $5 a day. Following in his footsteps, both his sons ended up as career hourly employees at Ford, applying sealer to the seams of metal on the assembly line. "I worked hard, saved my money, and eventually opened a Coney Island...
...does Detroit's immigrant autoworkers feel about the federal bailouts? Like most people in the Motor City, protective. "Why did the government bail out the banks and not the car companies?" asks Jerry Lelito, a General Motors plant manager for 23 years. "Those bankers make huge windfalls, and the executives walk away with golden parachutes. These are hardworking American workers who make up the industrial core in this country. So many other industries depend on the existence of the U.S. auto industry." Warren David adds that while the younger immigrant generations are not as directly affected (many have received better...
...governor will make a decision in the best interest of the state and country." But shortly after Obama's election, Jackson mounted a vigorous public campaign for the seat. On the morning of the day before his arrest, Blagojevich held a quickly arranged press conference outside a shuttered Chicago plant and described Jackson as a "very strong candidate" to replace Obama. Later that day, Blagojevich and Jackson met for nearly 90 minutes at the state's office building in downtown Chicago...